CTS Corporation (NYSE:CTS) issued its earnings results on Thursday. The electronics maker reported $0.31 EPS for the quarter, topping the consensus estimate of $0.29 by $0.02, Bloomberg Earnings reports. CTS Corporation had a net margin of 7.49% and a return on equity of 11.54%. The company had revenue of $106.20 million for the quarter, compared to the consensus estimate of $105.56 million. During the same period in the previous year, the firm earned $0.28 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. CTS Corporation updated its FY17 guidance to $1.13-1.18 EPS.

Shares of CTS Corporation (NYSE:CTS) traded up 3.75% on Thursday, hitting $26.30. 39,656 shares of the company traded hands. The stock has a market capitalization of $866.14 million, a price-to-earnings ratio of 28.87 and a beta of 1.22. The firm’s 50 day moving average price is $24.27 and its 200-day moving average price is $22.32. CTS Corporation has a 1-year low of $16.35 and a 1-year high of $26.30.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 3rd. Investors of record on Friday, September 29th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Thursday, September 28th. CTS Corporation’s payout ratio is 17.58%.

Separately, BidaskClub downgraded shares of CTS Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.50.

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CTS Corporation Company Profile

CTS Corporation is a manufacturer of sensors, electronic components and actuators. The Company designs, manufactures and sells a line of sensors, electronic components and actuators primarily to original equipment manufacturers (OEMs) for the transportation, industrial, medical, information technology, defense and aerospace, and communications markets.

Earnings History for CTS Corporation (NYSE:CTS)

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